Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.
Term Priority Collateral shall have the meaning assigned to such term in the ABL Intercreditor Agreement.
Term Priority Collateral means “Term Loan Priority Collateral” as defined in the Intercreditor Agreement.
Examples of Term Priority Collateral in a sentence
At all times while any Term Loan Obligations or any Refinancing Indebtedness related thereto are outstanding and secured by a Lien on Term Priority Collateral, permit Availability, at any time, to be less than the greater of (i) 10% of the Combined Borrowing Base and (ii) $13,000,000.
More Definitions of Term Priority Collateral
Term Priority Collateral means all Collateral other than ABL Priority Collateral.
Term Priority Collateral means all Collateral consisting of the following (including for the avoidance of doubt, any such assets that, but for the application of Section 552 of the Bankruptcy Code (or any similar provision of any foreign Debtor Relief Laws) would be Term Priority Collateral):
Term Priority Collateral means all Collateral other than Revolver Priority Collateral.
Term Priority Collateral means (i) equipment and fixtures; (ii) real estate assets; (iii) intellectual property; (iv) equity interests in all direct and indirect Subsidiaries of the Company; (v) all intercompany debt owed to the Company or any other Grantor; (vi) all other assets of any Grantor, whether real, personal or mixed not constituting ABL Priority Collateral; (vii) to the extent evidencing, governing, securing or otherwise reasonably related to any of the foregoing, all documents, general intangibles, instruments, commercial tort claims, letters of credit, letter of credit rights and supporting obligations; provided, however, that to the extent any of the foregoing also evidence, govern, secure or otherwise reasonably relate to any ABL Priority Collateral only that portion that evidences, governs, secures or primarily relates to Term Priority Collateral shall constitute Term Priority Collateral; (viii) all books records and documents related to the foregoing (including databases, customer lists and other records, whether tangible or electronic, which contain any information relating to any of the foregoing); and (ix) all proceeds and products of any or all of the foregoing in whatever form received, including proceeds of business interruption and other insurance and claims against third parties.
Term Priority Collateral means “Non-Intercreditor Collateral” as defined in the ABL Intercreditor Agreement.
Term Priority Collateral means:
Term Priority Collateral means all Collateral securing the Term Loans other than ABL Priority Collateral.